The Bitcoin Credit Gold Rush | Jeff Walton

“We are in the digital gold rush to acquire as much Bitcoin as humanly possible.” Jeff Walton joins the show to break down the rise of Bitcoin-backed credit, Strive’s SATA instrument, and why perpetual preferred equity could become one of the most important capital market innovations in Bitcoin. We discuss why SATA is now paying daily dividends, how Strive thinks about risk, reserves, leverage, and Bitcoin coverage, and why these new credit instruments may become a structural buyer of Bitcoin through both bull and bear markets. We also get into Strategy’s role as the market leader, the shift away from convertible debt, the future of Bitcoin treasury companies, proof of reserves, custody risk, institutional adoption, and whether Bitcoin credit could eventually reprice the entire credit market. FOLLOW: Danny Knowles: https://x.com/_DannyKnowles or https://primal.net/danny Jeff Walton: https://x.com/PunterJeff THANKS TO OUR SPONSORS: LEDN: https://learn.ledn.io/wbd BITKEY: https://bitkey.world/ ANCHORWATCH: https://www.anchorwatch.com/ BLOCKWARE: https://www.blockwaresolutions.com/wbd/ SWAN: https://www.swan.com/wbd CAPE: https://www.cape.co/wbd SUBSCRIBE TO THE PODCAST: FOUNTAIN: https://fountain.fm/show/gpascDml6iI0... SPOTIFY: https://open.spotify.com/show/18Pixm6... APPLE PODCASTS: https://podcasts.apple.com/gb/podcast... WEBSITE: https://www.whatbitcoindid.com/ CHAPTERS: 00:00:00 - Introduction 00:02:11 - The Digital Gold Rush 00:08:14 - 13% Daily Dividends 00:12:00 - Daily Dividends & Liquidity 00:22:55 - Strive’s Balance Sheet & STRC 00:24:51 - Bitcoin Price Assumptions 00:39:15 - Common Stock vs Preferred Equity 00:43:12 - Custody, Trust & Proof of Reserves 00:51:27 - Retail vs Institutional Demand 01:02:00 - Preferred Equity vs Converts 01:12:00 - Bitcoin Credit as the New Hurdle Rate 01:36:15 - Buyers of Last Resort What Bitcoin Did with Danny Knowles #Bitcoin #Finance #Money #Economics